Wall Street slashes stock market forecasts amid Trump tariff fears

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Financial Times 1d ago

Wall Street slashes stock market forecasts amid Trump tariff fears - Financial Times

Quick Summary:

It would mark a gain of just 2 per cent for 2025, a major slowdown from the back-to-back rallies of more than 20 per cent in 2023 and 2024.

The S&P 500 has fallen more than 7 per cent in highly volatile trading since the initial levies were announced on April 2, and by 14 per cent since touching a record high on February 19.

Wall Street’s average end of year S&P target now stands at 6,012 — compared with 6,539 at the end of last year.